Why Won’t My Mortgage Company Send Statements After Bankruptcy?

26 Mar Why Won’t My Mortgage Company Send Statements After Bankruptcy?

Once your bankruptcy has been filed most companies will no longer send you invoices or statements; you will be responsible for making your monthly payment on time, to the address you have always sent payments to, even though you will no longer receive correspondence requesting payment from the lender. Most lenders will send a receipt showing payment was made.

The reason is that under the bankruptcy code the Creditor must refrain from trying to collect a debt involved in the bankruptcy or they may be sued under 11 U.S.C. 362 and other state specific laws. A statement or request for payment has been seen in the past as an attempt to collect a debt in violation of the bankruptcy code.

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